fbpx

Balancing Money Saving with a Social Life

One of the biggest problems people seem to face when saving money is to be able to socialize at the same time. It is often misconstrued that these two things cannot be compatible, which is totally false. It requires is a little bit of budget analysis and bargain hunting in places, but most of all it just requires more research.

Work out the Budget

Firstly, look at the amount you need to save and work out a time frame so that you can budget effectively for that period.  Make sure that you don’t try and save too much so that you are able to spend money on other essentials and leisure. This requires a fair amount of time to make sure all of the numbers are worked out, with a contingency plan for any unexpected occurrences.

There may be a way to rearrange your funds to accommodate your leisure time. For example, if you only eat home cooked meals 4 times a week, you could change that to 5 or 6 times. You may spend more on groceries, but a lot less in the long run.

Bargain Hunting

This is pretty self-explanatory, people every day are constantly looking for ways to get bargains, whether it be through coupons or discount codes. One of the best examples of this is Groupon, which is a website/app that finds discount deals for group events. The brilliant thing about this is that the deal literally requires you to have a social group to attend with you.

Choose the Right Event

When money saving, choosing the correct event to attend is an important part of both of the previous points. This goes hand in hand with budgeting as you shouldn’t go to an event that you know will cost extortionate amounts of money for minimal experiences. There are so many options for reasonably priced, great experiences, comedy clubs London being one example among many. It is all about how much effort you put in.

It is always important to prioritize certain things, but it is also important for the mind to enjoy yourself from time to time. Even if you still can’t afford these things, don’t let it stop you from socializing. You can still go to cafes or invite friends to your home, which can definitely brighten your day. For something extra to brighten your day, check out this brilliant infographic containing some entertaining jokes.

Leave a Reply